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20121207
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English 48
Search Results 0 to 47 of about 48 (some duplicates have been removed)
CNBC
Dec 3, 2012 6:00am EST
with the fiscal cliff. have a credible down payment on the tax and spending side. bridge to a grand bargain next year. the fiscal cliff is the symptom. structural deficit is the disease. we need to learn from australia, canada, new zealand, sweden. we need to do it next year. >> all right. >> get dr. dave to washington right away so that we avoid what cramer on "meet the press" this weekend had great line. he said on january 8th when the reporting starts, there will be a foot race to fire people if we don't get this cliff taken care of which is why if we're going over the
CBS
Dec 6, 2012 12:00pm PST
to avoid the so- called "fiscal cliff." >> you got it nail this down. uncertainly is killing us. >> reporter: top economists came to capitol hill thursday to talk about the impact of tax increases and government spending consults on the middle class. >> creating jobs -- >> reporter: president obama and house speaker john boehner spoke on the phone wednesday but publicly are holding firm on their positions. the white house has made clear the country could go over the cliff if republicans refuse to raise taxes on the top 2% of american earners. >> to do that to 98% of the american people, because of an insistence that the wealthiest americans get a tax cut would be profoundly wrong. >> reporter: republican leaders say they will close loopholes and eliminate tax breaks but bush-era tax cuts must be extended to all americans. >> reporter: the standoff and debt concerns ryan. so much so, that he is the guy if the suit dancing gangnam style with former senator alan simpson. the group the can kicks back is working to get young people involved in fixing the debt crisis. >> we are trying
CNN
Dec 4, 2012 4:00am PST
republicans are not going to have to vote for them to go up. we'll go off the fiscal cliff, down the fiscal slope. yes i think it will happen because it is the one way republicans can, without violating the pledge, and offending the grand inquisitor grover norquist, it's the one way they can let this happen. >> and, in fact, you know, what could happen, you can imagine a scenario where you go off the cliff on taxes, rates go up for everybody, you then vote to restore the rates for the vast majority of taxpayers, 98%, and further it is even conceivable you negotiate down the top rates in the level under bill clinton a little bit by putting in the pot offsetting deductions for credits which would allow republicans to claim some sort of victory as well. that could be a scenario where you have a consensus on the tax run. >> let's run all of this by representative xavier becerra of california. he's joining us now. nice to see you, sir 367 appreciate your time. what is really the white house dismiss kind of out of hand i mean i don't have the exact number of minutes that they had this republican
CBS
Dec 6, 2012 12:00pm EST
the so- called fiscal cliff. >> you've got to nail this down. uncertainty is killing us. >> reporter: top economists came to capitol hill thursday to talk about the impact of tax increases and government spending cuts on the middle class. president obama and house speaker john baner -- john boehner spoke wednesday but publicly are holding firm on their positions. it's made clear the country could go over the cliff if congress fails to come to a agreement. the standoff and the country's skyrocketing debt concerned ryan ryan, so much so that he's the guy in the suit dancing gangnam style with former senator alan simpson. the can kicks back is working to get young people back to fixing the debt crisis. >> we're using humor to hook them in and get them to learn about this issue and understand how it affects their lives. >> reporter: the grass roots campaign wants to sign up more than two million people to put pressure on both sides. danielle nottingham, cbs news, washington. >>> 9news now is talking to our local congressional members about the fiscal cliff. and tonight at 7:00 p.m., maryland
CBS
Dec 6, 2012 5:00pm EST
fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top comiftds -- economists came to capitol hill thursday to talk about the impact of tax increases ask government spending cuts on the middle class. >> a couple thousand dollars means a couple months rent for this family. >> reporter: the white house has made clear, the country could go or the cliff -- over the cliff, if republicans refuse to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily, because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes and eliminate tax breaks to raise money but insist that bush-era tax cuts must be extended for all americans. >> reporter: the standoff and the country's skyrocketing debt concerns ryan shenecki. so much so that he's the guy in the can suit, dancing gangnam style with the cochair of the deficit commission, former senator allen simpson
FOX News
Nov 29, 2012 6:00am PST
on on capitol hill over the fiscal cliff. treasury secretary timothy geithner sitting down with the top leaders in congress and in the senate, they are discussing what needs to be done to reduce the deficit and maybe how much flexibility there could be on either side. the deal is to avoid a series of tax increases, and spending cuts that many believe would be a fiscal cliff that would kick in on january the 1st. chief congressional correspondent mike emanuel is watching it all unfold on capitol hill. what do we know about the visit about the expectations for what might happen during it. >> reporter: martha, timothy geithner arrived here on capitol hill a short time ago to meet first with senate majority leader harry reid. we know he's having individual meetings with the top four leaders of congress. what republicans have said they want to hear, and republicans will be critical, because they need republican support to get any final fiscal cliff deal through the senate, and also through the house, they say they hope that he's coming with concrete spending cut ideas that are acceptable to the admi
CBS
Dec 6, 2012 6:00pm EST
why they need to avoid the so- called fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top economists came to capitol hill thursday to talk about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars means a couple months rent. for this family. >> reporter: the white house has made clear, the country could go over the cliff if republicans refuse to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes and eliminate tax breaks to raise money. but insist that bush-era tax cuts must be extended for all americans. >> reporter: the standoff and the country's skyrocketing debt, concerns ryan shenecki. ♪ [ music ] ♪ so much so, that he's the guy in the can suit, dancing gang thisnam style with the cochair, former senator
CBS
Dec 6, 2012 4:00pm EST
the so-called fiscal cliff. >> you have to nail this down. uncertainty is killing us. >> reporter: top economists talked about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars, means a couple months rent for this family. >> reporter: the white house has made clear the country could go over the cliff, if republicans refused to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily, because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes loopholes and eliminate tax breaks to raise money. but insist that bush-era tax cuts must be extended for all americans. >> reporter: the standoff and the country's skyrocketing debt, concerns ryan shenecki. so much so that he's the guy in the suit, dancing gangnam style with former senator allen simpson. >> i'm keeping up on this baby. >> reporter: his group, the cankicksba
CNBC
Dec 5, 2012 6:00am EST
kicking exercise down the road would be better than the fiscal cliff? >> that's a tough one. the toothless can kicking exercise is hard. you've all helped make this a significantly watched issue. >> you want a pen? >> i'm happy to have a pen. >> you don't have yours on. >> i forgot. >> i've got mine prominently displayed. >> you forgot a couple days last week. >> we'll get you one. did we finally send them out? >> i saw some people got them. >>> when we come back, we'll have much more from our guest host today, greg fleming. but first, a new frontier of luxury. [ penélope ] i found the best cafe in the world. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? >>> welcome back. everybody. the dow futures are up about 40 points this morning. s&p 500 are up by more than four and a half points. boeing says that u.s. regulators have ordered the entire fleet of 787 jets to be inspected for a possible fu
CBS
Dec 6, 2012 7:00am EST
such barbed words and occurred before treasury secretary tim geithner laid down this harsh fiscal cliff marker. >> if the administration, are they prepared to go over the fiscal cliff? >> absolutely. no prospect or agreement that doesn't involve those rates going on on the top 2%. remember, only 2%. >> reporter: that danger? not enough to keep congress in session. it's all right quit for the week. most lawmakers assume correctly there are bit players until there's a deal. that looks more complicated until mr. obama demanded republicans raise the debt ceiling this month without any spending cut strings attached. >> if congress in any way suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again as part of a budget negotiation, i will not play that game. because we've got to break that habit before it starts. >> reporter: the president sees the fiscal cliff showdown as an opportunity to break that linkage for good. republicans say they will not increase the debt ceiling now $16 trillion and due to expire in f
CNN
Dec 4, 2012 6:00pm PST
going over the fiscal cliff. >> those three guys are here live. and the man who shut down the government under bill clinton. what newt gingrich thinks it will take to avoid that happening again. >>> plus one of my personal heroes, the fastest man in the history of planet earth. ja ma jamaican sprinter usain bolt revealing a talent you may not know he has. ♪ let's get together and feel all right ♪ >> this is "piers morgan tonight." >>> good evening. our big story tonight, you are so hot, america. i mean that literally. the temperature was a balmy 60 degrees this afternoon in new york just outside cnn's studios. the average high temperature in december is normally 43. a warm front has flooded the lower 48 states. quite extraordinary but is it evidence of man-made global warming? that's tonight's battleground america. joining me now, bill nye the science guy and mark morano, the publisher of climate depo.com. welcome to you both. let me start with you, mark, if i may. you are implacably opposed to the concept of man-made climate change. why? >> we followed the evidence. there are quite
CNBC
Dec 6, 2012 6:00am EST
the fiscal cliff. consumer confidence has remind high. business confidence is down so the first thing we want to know, that's not the right chart, we want to do on whether or not people heard about the fiscal cliff. have you heard of it? comparing it to some of the other times people asked about news event, there's the trayvon martin shooting in the street, occupy wall street, 82%, facebook ipo 7 %, 70% of the republic has heard it compared to the fiscal crisis in greece, 63% had heard it. in that number 36% had read a lot about it or heard a lot about it. do they believe a solution is likely? our numbers different from other poles. americans are more optic. first of all see what they think, unlikely 73% back in november when we asked about the debt program would there be an agreement, 73% saying that, now 44%. the number you want to think is 4% to 44% thinks a solution is likely. who thinks it's likely, that's interesting and driving this number. he can break it down by party. look at what we find, republicans 52-42, independents, i come back here, there we go, independents 47-32 and it's re
CBS
Dec 6, 2012 7:00am PST
laid down this harsh fiscal cliff marker. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. remember, it's only 2%. >> reporter: that danger not enough to keep congress in session. it's already quit for the week as most lawmakers assume correctly, they are not players until there's a deal. president obama, in a meeting with some of the country's largest corporations demand that congress raise the debt ceiling without any strings attached. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, i will not play that game. because we've got to break that habit before it starts. >> reporter: the president sees the fiscal cliff showdown as an opportunity to break that linkage for good. republicans say they will not increase the debt ceiling now $16 trillion and due to expire in februar
CNBC
Dec 6, 2012 4:00am EST
? >> yeah, i think while we're now focused on a lot of the down side risks not only from the fiscal cliff but obviously also from the eurozone crisis, we may have overlooked some of these up side potential for next year. so if we get a favorable resolution for the fiscal cliff, i think we can see interest rates move up quite sharply. that would be because expectations for growth could be much higher, so if growth is around the 2% in the first half of the year, we could be haufing over the 3% range in the second half of the rear. that would mean higher interest rates and that could be a very poor result for top quality bonds. >> and when you're talk about interest rates, you're talking about market rates as opposed to fed rates, right? >> the treasury rate, baseline underwhich say corporate bonds move. >> okay. you mentioned how much. so what would be the long term impact of that? >> in a very short amount of time, you could see say the ten year treasury yelled jump from current range of around 1.6% quickly up near 2.7% towards the middle of the year, we saw during previous fed quantitativ
FOX News
Dec 4, 2012 3:00am PST
carlson. the president shoots down the republican's offer on paper to avoid the fiscal cliff. but is it because it's a bad deal or is it because the president's favorite deal could be actually go over the cliff? we'll explore it. >> brian: prince william rushed to the hospital where his pregnant wife and future king or convening of england is located. a frightening rare health scare. she's experiencing right now. we're going to go live at that hospital. also talked to dr. siegle at the couch about what she's going through. >> steve: then they can fetch and roll over, but did you know dogs can drive? we've got the evidence. look at that. >> brian: i knew. >> steve: stick shift. "fox & friends" and fido for this tuesday, hour two starts right now. >> gretchen: good morning, everybody. if you missed the open of our 6:00 a.m. hour, i don't think we can top it exactly right now. unless somebody else wants to call brian and he wants to put his phone back -- >> brian: time of crisis of the control room supported me. gretchen cut me. and my favorite family called me. >> steve: this i
CSPAN
Dec 5, 2012 9:00am EST
's a very easy way for us to climb down from this fiscal cliff because the senate already passed a bill that would extend tax cuts to 98% of the american people and the house will not take it up. this will mean over ten years about a trillion dollar tril a n savings. and it won't hurt the billionaires and millionaires, they've told us that. so here's when the senate passed the middle class tax cuts, madam president. july 25, 2012. the republicans have been sitting on it over in the house. they didn't do anything july, august, september, october, november, and december, here we are six months later and they refuse to allow a vote on this for reasons that go to their internal disputes. it is time for them to put country over party. it is time for them to put country over their ideological battles. that was a mouthful. i'm going to try it again. it is time for them to put country over their ideological battles. it is time for them to make a decision that favors the american people. now, i served in the house for ten proud years, madam president. it was wonderful, fascinating, interesting.
CNN
Dec 4, 2012 2:00am PST
there. >> also coming up, amazement and dismay. that's how fedex's ceo is describing the fiscal cliff crisis. i sat down with fred smith. hear what he has to say about he and other ceos are responding. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. in the dr
FOX News
Dec 5, 2012 2:00am PST
to look at the focus of the fiscal cliff debate. they would bear the blame if we do go over the edge. the president sat down with bloomberg news yesterday to talk about this. he said he might be willing to budge on some things but tax rates on the wealthy must go up. republicans should agree to raise them he says now and trust them that spending cuts will go away. >> let's put a down payment on taxes let's let tax rates on the upper income folks go up. >> they have heard these problems before any deal must tackle entitlements such as medicare and social security to put them on a sustainable path. vice presidential candidate and budget chairman paul ryan says the overall thinking has to change. >> the problem they are the same. but the old ways won't do. we need new thinking and renewed efforts from all americans. look, it is true that president obama won reelection. i congratulate him on his victory. but on january 20th, he will face a stagnant economy and a fiscal mess. you might even say he will inherit these problems. >> this has become a public relations issue, too. yesterday the
FOX News
Dec 5, 2012 8:00am PST
for a face-to-face negotiation on the fiscal cliff. this is just weeks ago before the deadline. right now, as you know, there is still no deal. those sites are still hundreds of billions of dollars apart. mike emanuel has more. reporter: hello, jenna. speaker john boehner says the republicans made a good-faith effort to avert a fiscal crisis. they say essentially this is now time for the president to be getting involved to respond to the republican offering. he claims that the republican offer was balanced, and because republicans cannot just sit there and negotiate with themselves. here's more from the top republican leaders a short time ago. >> i will be here and i will be available at any moment. so, the president and get serious about solving this problem. reporter: they asked the president sit down so we can stop wasteful spending in washington. on the democratic side, there is emphasis that congress should pass the middle-class tax cuts for people earning up to $250,000 per year. to give those people economic certainty. here is more from nancy pelosi making her case. >> i consider w
FOX News
Dec 3, 2012 6:00am PST
to the looming fiscal cliff, folks, one top republican says his party does not need to put a plan on the table. is that right? oklahoma congressman tom colatosti with his take on this next. >> this is unsustainable. we have 10,000 baby boomers like me retiring every day. 70,000 this week. 3.5 million retirees this year alone signing up for social security and medicare. people living longer, accessing medicaid. it is not like there is any money in the social security trust fund or medicare trust fund. it has all been spent. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could
CSPAN
Nov 30, 2012 7:00am EST
interests to pass it, or to block action on the fiscal cliff if the markets are going ballistic. it would settle down after a while. host: what is the likelihood we will see changes? guest: they will not necessarily occur at the beginning of congress. there is a good chance that they will step back and do a compromise that involved both parties. host: norman ornstein, thank you for your time. we'll take a closer look at expiring tax credits for families and business with steven sloan of politico. we'll have that right after this. [video clip] >> a program began under rexford tugwell, who was one of the advisers to president franklin roosevelt, to document the conditions under which people were living. this was back when we didn't have television. we had radio, but a lot of places didn't have electricity, so they couldn't listen to the radio broadcast to find out what was going on other in parts of the country. roy stryker, who was an economist from columbia university, he was the head of this project, and in 1939 when kodak introduced color film, they sent film to roy stryker to have his
KRON
Dec 3, 2012 4:00am PST
not come down to next june of next year. >> both sides on the fiscal cliff situation seems to be far apart. the president must in the bush era tax cut for people making more than $250,000 per year. without a deal the average middle- class family could pay about 200--$2,000 a year more in taxes. house speaker john boehner blanks the spot stalemate on the obama administration. he says they are taken republicans seriously with their plan to close loopholes and deductions without raising taxes. >> we think it would be a wonderful christmas gift for the american people for the middle class a tax cut come january people and we want them to tell the american people why not that they will not do it. we are optimistic. >> the democratic controlled senate has already voted to extend the bush era of cut for incomes that are under $250,000 and led the other is expired. >> moody's analytics predicting there will be a short-term deal reached before the end of the year. we will take a quick break on the kron for morning new we want to go outside and give you a quick look. we will tell you about the power
CNN
Dec 6, 2012 4:00am PST
get hit in the early part of the area if we go over the fiscal cliff, but the fundamentals of the economy are still good. >>> all right. apple stock dropped more than 6% yesterday. shares were down about half a percent in pre-market trading this morning. no concrete news pushing them down, but today there's another hearing in the patent case with samsung in california. and a tech research report generatored a lot of buzz that apple's tablet competitors could eat into its market share. >> interesting. >> thanks, christine. >>> well, the good news is, let's do the fiscal cliff and the good news. and it's not very much. but at least the two sides are talking, by phone. not face to face. house speaker john boehner and the president are hoping to break the fiscal cliff ice. now we're just mixing metaphors, left and right. speaking on the phone, 26 days left, of course, until we tumble over the cliff or slide down the slope or fall off the precipice or however you want to put it. we could, of course, face massive tax hikes, spending cuts. that's what the fiscal cliff is all about
CNBC
Nov 30, 2012 6:00am EST
on with the global central banks that the point in time. because we're caught. this is a fiscal cliff now. this is a prisoner's dilemma and everybody is staring each other down and we're all sitting at a poker table wondering who has the best cards. >> so what do you think will happen with global central banks? we know the fed will take operation twist and turn it into qe-3-b, i guess. i don't know what you want to call it. but instead of swapping short term for long term debt, it's going to buy long term debt outright. >> printing money, right. >> conventional quantitative easing, printing money, whatever you want to call it. and what are we expecting out of europe? what is this with the 1.30 on the euro, a currency everybody says ought to weaken? >> but there are still people who are when the risk on models take over, they buy the euro. that won't last forever as we're starting to see what's going on in france. but spain is certainly the next issue. they had to push greece out of the way and it's interesting the way they resolved greece was exactly what the germans have leaked to reuter
CNN
Dec 4, 2012 1:00pm PST
. >>> top governors sit down with president obama at the white house to discuss the fiscal cliff. did they find any common ground? bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. >>> a bipartisan group of governors, three democrats, three republicans, are urging both sides to reach a deal to keep from going over the so-called fiscal cliff. they met privately with president obama over at the white house today. among the governors, the utah republican governor, gary herbert. he's joining us now from capitol hill. governor herbert, thanks very much for coming in. take
CNN
Dec 1, 2012 7:00am PST
a deal on that fiscal cliff. just 31 days left until we hit those $7 trillion in automatic spending cuts and tax increases if negotiations break down. and both sides of the aisle are going straight to the public in order to plead their case, or rather tell us why the other side is to blame. this is president obama in his weekly radio address. >> both parties say we should keep middle class taxes low. the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans onboard, i'll sign this bill as soon as congress sends it my way. but it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the wealthiest americans. >> in the republican response, senator orrin hatch takes th s hostage metaphor one step further and brings to mind a memorable movie scene. >> unfortunately, some on the other side of the aisle are offering a disastrous thelma and luiz strategy that would take u
ABC
Nov 30, 2012 7:00am PST
by this afternoon. >>> and it looks like those talks in washington to avoid that so-called fiscal cliff, looming at year's end, will go down to the wire after all. senate republican leader mitch mcconnell says that he laughed out loud thursday when he saw president obama's latest plan to avoid a middle-class tax increase. republicans are demanding more spending cuts. >>> and just as millions of americans shop online, rely on their gifts to be shipped by the holidays, the biggest seaports in the country are at a virtual standstill. union workers at the los angeles and long beach terminals are on strike. protesting outsourcing of jobs. 40% of all u.s. imports come through those terminals. negotiations are set to resume today. >>> very unusual scene just south of there, in san diego. an out-of-control truck slammed into a fire hydrant, sending water shooting cinematically 30 feet into the air. like a geyser. the truck actually plowed into a bar, leaving a gaping 11-foot hole in the wall. thankfully, no one was hurt. >>> now, here's diane sawyer, with a preview of tonight's "world news." diane? >> j
FOX News
Dec 3, 2012 3:00am PST
, 2012. i'm gretchen carlson. count down to the edge. 29 days from the fiscal cliff and this is what republicans say about the white house's latest offer. >> flabbergasted. he can't be serious. >> gretchen: but treasury secretary tim geithner says republicans need to make the next move. he's straight ahead. >> gretchen: nfl player murders his girlfriend, kills himself. so what does bob costa say during half time? call for a moment of silence perhaps? no, he pushes for gun control. is that really appropriate? >> steve: that's what he did. sibling rivalry starts in the womb and, ladies and gentlemen there, is proof. the sonogram. that's the first round. twins fighting? can you believe it? that's okay. "fox & friends" hour two for monday starts right now. >> brian: can i lean over now? >> steve: yeah, go ahead. >> steve: that is an extraordinary picture. >> gretchen: it is extraordinary because could it be that the twins in the womb are going no, you move over! i want more food out of that umbilical colored. >> brian: the one thing about that uterus, it's tight in will. >> gretchen: i'm
CBS
Dec 5, 2012 7:00am PST
: but washington is counting down this month to the dark unknown of the fiscal cliff. >> thanks for having me. >> reporter: on his first view sbr interview on the fiscal cliff, he rejected john boehner's proposal. >> unfortunately the speaker's proposal is out of balance. >> reporter: raising taxes on households earning more than $250,000. >> we'll have to see the rates on the top 2% go up. we're not going to be able to get a deal without it. >> reporter: republicans want smaller tax increases overall and no movement on higher income tax rates. they want to cut unnamed tax bre breaks and deductions, which they say will do more to boost economic growth. the white house considers the proposal and economic rationale behind it laughable. >> we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> reporter: republicans answered back ba-humbug. >> this is absolutely not serious and the administration knows it. >> reporter: six governors, three from each party, met the president and said acid they believe business leaders in thei
MSNBC
Dec 4, 2012 2:00am PST
, with only four weeks to go before we reach that fiscal cliff, republicans offer a proposal for a new deal. it had few specifics. the white house rejected it. tracie potts joins us from washington with the details. >> reporter: good morning, everyone. with a white house proposal and republican proposal on the table, you'd think we would have somewhere to begin negotiations. the white house says what republicans have offered isn't even a start. six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make
CNN
Dec 3, 2012 5:00pm PST
parts of the proposals to avert that fiscal cliff will really have. tonight we tackle the much-discussed concept of increasing tax rates for the top 2%. chief business correspondent ali velshi joins me now. help us cut through the spin. the partisans all have a different take on this. if you raise taxes on the top 2%, what's the impact? what does it look like and how much of an impact would it have on the deficit? >> well, let's look at it in two ways. one is income tax, right? right now, the highest earners, those households that earn more than a quarter million dollars a year, pay a higher tax rate on the marginal amount, the amount above the $250,000 a year. so we're talking about taking that rate from 36% to 39.6% if we even go there. that hasn't even been negotiated yet but that's 3.6% on every dollar you earn above $250,000. there are not a lot of studies that suggest that that would have catastrophic effects on the economy. the other area that democrats want to raise taxes are on investment income, things like capital gains, dividend income. now, those will jump signific
CBS
Dec 5, 2012 4:00pm EST
. >> reporter: stocks rallied as corporate news overshadowed concerns about the fiscal cliff. citigroup plans to cut 11,000 jobs as the bank's new ceo looks to save money. the cuts amount to about 4% of siti's -- sity's -- citi's work group. and it includes closing some branches. u.s. companies added fewer workers in november. bartly because super storm sandy shut down many businesses. including factories and retailers. they will get a better picture of the job market friday. shares of apple fell as much as 4% after a research firm raised its outlook of sales for tablet computers, pointing to strong demand from ipad rivals, from amazon, google and samsung. >>> and nokia's stock rallied,a -- after they launched a new version of the smart phone for the chinese market. >>> and another starbucks may be opening near you. the world's biggest coffee chain plans to add 150 stores over the u.s. over the next five years bringing the total number of starbucks to 20,000 by 2014. that's your money watch. for more, head to cbsmoneywatch.com. in new york, i'm alex
CNBC
Dec 5, 2012 4:00am EST
. >>> talks between the white house and republicans over the fiscal cliff are grinding to a hold. house speaker john boehner dealing with division in the gop's ranks to his budget plan. we've got a shanghai surprise. china's mainland markets up over nearly 3% after beijing's new leaders called for economic stability and new business growth. and it looks like more austerity for britain. george osborne getting ready to release his autumn statement. >>> nokia shares a little bit high today. they are teaming up with china mobile, giving access to the world's biggest mobile phone markets. >>> if you just got up, very warm welcome to the start of your global trading day. stocks are on the front foot this morning. this is where we stand with u.s. futures. currently called up around about 30 points higher. the dow down, what, 13 points? the nasdaq called up just under 40 points. the s&p 500 at the moment is called up just over three points. it was down two points yesterday. european stocks doing a little built better. they were as flat as a pancake, as i've been saying. as flat as my pancakes.
CNN
Dec 3, 2012 11:00am PST
, folks, 29 days until that fiscal cliff. talks in washington sort of stalled at the moment. by friday, all eyes will be on the november jobs report. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when i'm ready... act decisively. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 with the exact same tools, the exact same way. tdd#: 1-800-345-2550 and the reality is, with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyp
CNN
Dec 3, 2012 1:00pm PST
house republicans to avoid the so-called fiscal cliff. also president obama's getting ready to speak this hour about an urgent national security issue. u.s.-led efforts to try to track down and eliminate loose nuclear weapons. that's coming up. >>> also, frightening now revelations about an al qaeda plot for a three-part terror attack on the united states embassy in iman, jordan. i'll ask the country's foreign minister for details. he's standing by live. i'm wolf blitzer. you're in "the situation room." >>> we begin this afternoon with brand-new republican offers to try to save the $2.2 trillion and avoid the so-called fiscal cliff. the across-the-board spending cuts and sharp tax increases that hit in just 29 days. let's get straight to our senior congressional correspondent dana bash. she's watching what's going on. dana, the tax rates, first of all, let's get to a major sticking point right now. there's been a counterproposal from house republicans to the white house. you have details. >> reporter: that's right. let's start exactly where you just began on those tax rates because t
FOX News
Dec 5, 2012 6:00am PST
on how to avoid the fiscal cliff. the president plans to deliver remarks and answer questions during a meeting of a business roundtable. critics say the president will call on business leaders to press lawmakers about raising the debt ceiling. while that is happening we expect to hear from house speaker john boehner any moment right now on the hill for the latest on what's happening on fiscal matters. martha? martha: meanwhile, there are new evacuations that have been ordered in a community where a train carrying toxic chemicals derailed nearly a week ago. 100 families told they have to leave their homes in new jersey near philadelphia. they have to play it safe until the last of the hazard does gas is removed. >> what we'll do we'll pump liquid in that dissolves the vinyl chloride. we'll pump that liquid back out into the highway truck. we have a derailment of hazardous of materials over and in a waterway and a community adjacent to it, right next to it. martha: the rail line is paying for hotel rooms and other expenses for 200 people not able to go home. the families as you can ima
KRON
Dec 3, 2012 7:00am PST
year. >> 28 days till the fiscal cliff a combination of automatic tax increases and spending cuts congress. president obama this is a plain political chicken right now. he is proposing that 600 billion in spending cuts and 200 building and is spending to stimulate county the economy. this say that republicans do not have a plan right now so we are in limbo until congress acts. hopefully the two weeks will get together and get through their talks. >> three firefighters were involved in a net accident and weather-related they were on the shoulder of the highway when a car slammed into the side of the fire engine. three firefighters were hurt and the driver of the car that was involved in the original accident on the side of the road was hurt as well from the second car. here are photos of the firefighters and there in the hospital. two of the needed surgery but three of them all three are expected to survive. this 737 and a live look outside and san jose and traffic is moving slowly working its way. there is lots of sunshine. >> san jose has marked its 43rd homicide of the year. the
FOX News
Dec 5, 2012 3:00am PST
on the fiscal cliff. hear the new proposal from congressman paul ryan and senator mark rubio. >> steve: will he work with the liberal media. president obama extends extra special invites for sit down with liberal gabbers. >> brian: he is one of america's favorite coach. his career almost ended early and fans had no idea. the coach revealed something for the very first time. by the way. "fox and friends" starts now. ♪ ♪ "fox and friends". >> steve: you must be conflicted today. >> brian: in what way? >> steve: we have coach k on and any time we have peitro, the super model who has been a friend of your manies, many years. >> brian: i am looking forward to nick rangon. >> gretchen: you will have to duke me out for it then. >> brian: you start with him in 10 minutes. >> gretchen: you want to trade coach for nick it will coach you. >> brian: and edrolins to be named later. >> gretchen: and i always like rolins. >> brian: pet up with us. she was a young super model. >> gretchen: does she know she was off your list. >> brian: not a world. can we agree as well that is our secret. >> steve: she doe
CNBC
Dec 3, 2012 7:00pm EST
parker, thank you. i want to talk to you some more. we'll go back to the fiscal cliff. if high end tax rates are successful entrepreneurs rocket higher, you can bet the number of millionaires in this country is going south. that's if high taxes go up. millionaires go down. that's no good. in our land of opportunity, i want more millionaires. and i think the better for them and the economy. robert frank will join us with some very arresting numbers. high tax, fewer millionaires. not good. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> 28 days until the country plummets off the tax and fiscal cliff. big tax hikes could be coming for everyone but we see also a drastic redu
MSNBC
Dec 4, 2012 8:00am PST
, tax hikes, the gop, we have at lot coming up, thomas. the fiscal cliff counter offer is eliciting a get-real from the white house. we will ask tax master grover norquist about the prospect of a republican solution that actually involves tax increases. after that, ezra klein breaks down the offer and we will discuss today's pow wow between state governors and president obama and what it pore tends for the 21 million americans hoping for health care and "the new york times" frank bruney weighs in on doma and cage for marriage equality when "now" starts in just three minutes. n't my daughs black bean soup spectacular? [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. gas-x is designed to relieve gas. when you lost the thing you can't believe you lost.. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you
CSPAN
Nov 30, 2012 9:00am EST
. again, we don't think social security should be on the table in these fiscal cliff discussions. not the driver of the deficit, and further down the line, we think it's important to not mess with the age or switch to the chain c.p.i. or any other cuts that would affect beneficiaries. mr. scott: would the gentlelady yield? ms. moore: i yield. mr. scott: people caulk about increasing the age of social security or cost of living increase, the first question is whether or not you're going to cut social security. and then if you decide to cut social security, the different -- there are different ways to have doing it. some more painful than others. but the first question is, are you cutting social security? but part of the question is, why? if none of the tax cuts get extended, at this point you have more money than you need on the table system of the only reason you're even discussing a cut in social security is because you want to extend the tax cut. now i think most people when they're faced with the choice, do you want social security to be a piggy bank every time we're running s
ABC
Dec 4, 2012 7:00am PST
, for the latest on the fiscal cliff. just 28 days until everyone's taxes are set to go up. house republicans have now sent the white house their own plan for getting america's finances under control. but both sides still far apart. abc's jake tapper is covering this from the white house. jake, the white house downplayed this new offer but will it be enough to jump-start negotiations? >> reporter: i don't think so, george. the white house advisers describe the proposal that republicans offered yesterday, as a step backward in terms of negotiations. what the outlying house republican states is $2.2 trillion in deficit reduction. that includes 1.2 trillion in spending cuts. $800 billion in new revenue. optimistic projections. and $200 billion in other measures, such as adjusting the consumer price index. but house republicans say if the president doesn't like this, it's incumbent upon him to offer a plan that can make it through the house and the senate. >> the white house says they want to see the republicans first say that tax rates are going to go up. is there any prospect of a face-to-face meeti
CBS
Dec 4, 2012 7:00am PST
:00." >> the president has principles he intends to stick to. >> just 28 days away from the fiscal cliff. talks seem to be at a standstill. >> there's no deal. not even a prospect for a deal and they there's not much talking going on either. >> iran claims it shot down an american drone. the head of its navy says the unmanned surveillance plane is in iran's possession. >> does this mean iran is getting more aggressive. >> seems to be ramping up their attention in the area and making claims we think are untrue. >> prince william and katherine are expect ag baby. officials confirmed the news on monday and said kate will be spending the next several days in the hospital. >> this is the first world child. it's not like william or harry. it's been born into a global media world. >>> football is a violent sport. adding guns to the mix doesn't help. >> the nfl has clear policy guidelines and prohibitions where the players can take their guns. you think they take a step further? >> if someone is planning to do something like that and they're determined, there's very little that
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